Market details

Upon selecting the market, you will want to spend time understanding the market before opening a position.

To see key details about a market:

Click the Details tab on the top part of the trade page.

• Tick Size: Every market has a predetermined tick size, which refers to the smallest possible price increment that can occur in that particular market.

• Step Size: The step size in a market represents the minimum quantity or increment by which orders can be placed for that particular market.

• Minimum Order Size: Minimum order sizes vary by asset.

In every market, there exist two risk parameters - initial margin fraction and maintenance margin fraction. These parameters determine the maximum leverage that can be applied in that market. They also play a crucial role in calculating the minimum value that must be maintained in an account to open or increase positions (initial margin), or to prevent liquidation (maintenance margin).

• Maximum Leverage: Every market has a predetermined maximum leverage that cannot be exceeded. It is not possible to execute trades that would result in a leverage level higher than this limit.

• Initial Margin Fraction: The initial margin fraction represents the minimum margin required to initiate a position. This fraction is calculated by dividing the position's notional amount by the equity. If the margin fraction surpasses the initial margin fraction, further position increments will be prohibited.